IHS Markit Ltd (INFO)

Bond fund managers have so much cash they’re turning to the derivatives market to put it to work, pushing down the cost of protection against defaults close to levels that prevailed when central banks were just starting to raise interest rates.

Data provider S&P Global said on Tuesday it plans to buy financial technology provider Visible Alpha for an undisclosed sum. Founded in 2015, Visible Alpha is a financial technology firm that provides consensus estimates and analytics, and distributes the data through channels including a web-based platform and feeds. S&P Global is also exploring options for its digital solutions provider Fincentric, formerly known as Markit Digital, the company said in a statement.

Founded in 2015, Visible Alpha is a financial technology firm that provides consensus estimates and analytics, and distributes the data through channels including a web-based platform and feeds. S&P Global is also exploring options for its digital solutions provider Fincentric, formerly known as Markit Digital, the company said in a statement. The deal for Visible Alpha, expected to close this year, and the consideration of options for Fincentric are part of measures to accelerate focus in key areas of strategic growth, S&P said.

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J.P.Morgan on Thursday said supply chain disruptions from a potential United Auto Workers (UAW) union strike would cut new vehicle production, drive up used car prices and put pressure on margins in the personal auto insurance business. UAW is currently in talks with the Detroit Three automakers - Ford Motor, Chrysler parent company Stellantis and General Motors - ahead of the expiration on Sept. 14 of the current four-year labor agreements covering 146,000 workers. The automakers "represent about 40% of light vehicle auto sales (by units) in the U.S., and IHS Markit estimates that a strike would disrupt North American vehicle production by roughly 75%," J.P.Morgan said.